The Portland daily press., 1887-06-22
RAILWAY MATTERS.
rue NEW xonrHERN RAILROAD.

THE NEW NORTHERN RAILROAD.
Speaking Of the new Northern railroad
scheme in New Hampshire an exchange says:
Negotiations have been concluded at Cole
brook that assure the contamination of the
most important railroad enterprise that has
been projected in that State for many years.
Hon. Frank Jones and Col Charles A. Sim
clair Of Portsmouth and George Vandyke Of
Lancaster have signed bond In the sum OF
$4,000, agreeing to build and equip the
Upper Coos railroad from North Stratford,
on the Grand Trunk, to the Canada line al
Canaan. VT, a distance Of twenty-three
miles, on condition that the citizens In the
towns along the route subscribe gratuity Of
$4,000.
A gentleman Just arrived from Colebrook
says that there Is great rejoicing there over
the matter, and that the gratuity asked for
will ibe easily secured, probably within
week. James Parsons has headed the sub
scription list with 1909. Hon. S. S. Merrill
and some half dozen more will each give a
like sum, while Mrs. Merrill will be the first
TO put down $500. The directors OF the
Upper Coos road win cancel all stock sub
scripttons that have been made toward the
building OF narrow gauge line, and will
surrender their charter to Messrs. Jones,
Sinclair and Vandyke. The road will be
the standard gauge and will be the sole prop
erty OF the three gentlemen named above,
who will build in the interest Of the Boston
q Maine system, which will give the latter a
continuous line from Hereford, Canada, via
the Plymouth, Concord Il Manchester TO
Boston, excepting thirteen miles Of the
Grand Trunk between North Stratford and
Gr0vetOn and the eighteen miles between
Concord and Manchester.
The Coos charter gives the right 10 build
by the side Of the Grand Trunk from Grove
ton to North Stratford II deemed expedient.
The towns through which the lines will pass
after leaving North Stratford are Columbia.
Bloomfield, Vermont, ColebrOOk Stewards
town, and Canaan. VT. At Bloomfield the
road viii receive the immense business OF the
Nulhegan Lumber Company. The road will
be completed to Colebrook the present year,
and to the Canada line In 1888. Nineteen
miles OF the road will be along the upper
Connecticut and the remainder In the valley
Of Halls Stream, and the cost Of construc-
ton Is estimated at $4,000. Minister Pope
Of the Dominion Cabinet has telegraphed
that the Megantic Corporation will build
from COOkShire In the town Of Eaton to the
Canada line to meet the Coos road, a dis
tance OF about twenty miles, and that
ground will be broken this season. The
Megantic charter for this extension carries
with 1t cash subsidy Of $500 and 1000
acres Of public land mile. Mr.. Vandyke.
mentioned above, Is the well known Million
aire lumber king.
This great enterprise, especially so far as
the Coos line Is concerned, will Sc an Inn
portant factor In the attempt now being
made by the Boston Il Maine Corporation to
perfect Its New Hampshire system Of roads.
THE MANCHESTER 4 LAWRENCE ROAD.
A special despatch from Manchester, N.
H.. to The Journal says: II has leaked out
here that the sale Of 500 shares Of Manches-
ter & Lawrence railroad stock by the Amos
keag Savings Bank and the influence 1t had
upon other transactions was what turned
the scale and gave the Boston Il Maine syn
dicate a controlling interest In the road. The
bank sold at S225 q share, the average cOst
being Sll0, and cleared S57,5O0. The sale
was unanimously agreed upon by the Frns-
tees in view Of the unsettled condition OF
railway matters. The Amoskeaa Bank has
deposits Of S3,0OOOO0 and could close up
and pay an extra dividend Of 20 per cent.
BOSTON a MAINE.
A special meeting Of the Eastern railroad
stockholders will be held in Boston today
for the purpose Of voting on the question Of
approving the leases Of the Boston & Lowell
and Manchester Il Lawrence roads to the
Boston x Maine, and Of the Boston u Maine
subscription TO the York HarbOr & Beach
railroad stock.